A color wheel module includes a color disc having a plurality color filter segments, a liquid crystal ring, and a controller. Each border is defined between each two adjacent color filter segments, the borders comprising a reference border. The liquid crystal ring is positioned on the color disc to cover the color filter segments. The controller is connected to the liquid crystal ring. The controller includes a synchronizing module and a shading module. The synchronizing module obtains an central angle of the color disc between a light path perpendicularly radiating on the color disc and the border on the reference border. The shading module obtains the central angle. When the central angle is less than a preset angle, the shading module controls the liquid crystal ring to block light from passing through. Otherwise, the liquid crystal ring is controlled to allow light to pass through the color filter segments.